Preview

Loan Classification

Good Essays
Open Document
Open Document
2059 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Loan Classification
Introduction
The KASTLE Loan creation process is based on Workflow management principles. The process enables a bank to capture and maintain record of each step involved right from the initial customer interview stage till the actual creation of loan account in the system and subsequent disbursement of the loan.

The process may vary depending upon the Loan product being used, as in cases where the loan is to be granted only against collateral security or Guarantee registration, creation of loan application will not be permitted until and unless collateral or guarantor has been registered.

KASTLE handles the entire Loan process in a very structured fashion. Before commencing the processing of recording the details of the Loan, the Bank should ensure that the CIF is registered and credit limits have been defined for that particular customer (under CIF).

Customer Category

Customer Type
Code
Individual (Other Consumer Finance)
CIN
Individual (Other Credit)
OIN
Agriculture Primary Products
APP
Agro Based Finance
AGF
Consumer Auto Loan
CAL
Consumer Housing Finance
CHF
Consumer Loan for Professionals to Set-up Business
CLP
Consumer Unsecured Personal
CUP
Cottage Finance
COF
Large Finance
LFI
Loans to Brokerage House against Shares
BHS
Loans to Individual dealing share business
INS
Loans to Merchant Bank against Shares
MBS
Loans to Stock Dealer against Shares
SDS
Medium Finance
MFI
Micro Credit
MCR
Micro Finance
MIF
Other Finance
OFI
Short Term Agriculture Credit
STA
Small Finance
SFI
Staff Loan
STF
Other
OMC
Other Short Term Agriculture Credit
OSA

CCOD Account Creation& Limit Setup

Step
Screen
User
1.
62115-Customer Total Limit Registration
Credit In Charge
2.
62120-Top Down Customer Limit
Credit In Charge
3.
10010-Loan Consultation Register
Loan Teller
4.
10020-Loan Consultation Result Register
Credit In Charge
5.
63210-Approsal of Collateral Information
Credit In Charge/Loan
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Powerful Essays

    Kudler Foods Case Study
    • 901 Words
    • 4 Pages

    Kudler Foods Case Study

    Internal controls are needed in to be in place in the credit approval department as well. This would ensure lowering the risk of loss of income due to writing off of bad debts and ensure that there are not any irregularities in the accounts receivables. Segregation of duties between the person that opens the receivables and one that post the accounts receivables should be separated to ensure proper reporting in the accounts receivable. Kudler may benefit from using a lock box at the bank where all receivables are received at the bank and then properly…

    • 901 Words
    • 4 Pages
    Powerful Essays
    Read More
  • Good Essays

    Personal Finance: Banking Assignment
    • 836 Words
    • 3 Pages

    Personal Finance: Banking Assignment

    e. Would you be likely to choose this as your bank or credit union? Why or why not? List at least two reasons for or against choosing this bank or credit union. (3-6 sentences. 2.0 points)…

    • 836 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Case1 final revised
    • 1079 Words
    • 4 Pages

    Case1 final revised

    Although Kroll has much experience about corporate management, the credit rating business is still a new business field for him. The Weaknesses of KBRA will be a lack of qualified staff, difficulties to get NRSRO status, substantial startup costs of KBRA business, and little interests from users and issuers of credit rating. According to Kroll, “If I can’t put the same kind of talent [of PhDs from MIT], I can’t compete”. Finding and paying appropriate staff will…

    • 1079 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Great Choice Loan
    • 548 Words
    • 3 Pages

    Great Choice Loan

    If this world affords true happiness, it is to be found in a home where love and confidence increase with the years, where the necessities of life come without severe strain, where luxuries enter only after their cost has been carefully considered (Newton (n.d)). Most people only dream of owning their own home. The price of housing in Nashville is extremely expensive. First time homebuyers need to be aware of the different options available to them. Tennessee Housing Development Agency (THDA) provides different assistance for people looking to buy a home.…

    • 548 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Informative Speech on Types of Mortgage Loans
    • 1129 Words
    • 5 Pages

    Informative Speech on Types of Mortgage Loans

    Specific Purpose: After listening to my speech the audience will know what a mortgage is and understand the basic concept of the different types of home loans available today.…

    • 1129 Words
    • 5 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Gen200 R4 Responsible Borrowing 2

    • 570 Words
    • 3 Pages

    Gen200 R4 Responsible Borrowing 2

    Many students acquire federal student loans to pay for college. The goal of this assignment is to help you learn how to borrow responsibly, which may mean that you do not borrow at all or that you borrow only what you truly need. To borrow responsibly, you must understand your options and establish a financial plan for your entire program. With that plan in place, you can focus on your courses and make connections with instructors and other students.…

    • 570 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Better Essays

    Predatory Lending
    • 1215 Words
    • 5 Pages

    Predatory Lending

    In communities across America, people are losing their homes and their investments because of predatory lenders, appraisers, mortgage brokers and home improvement contractors who: Sell properties for much more than they are worth using false appraisals. They encourage borrowers to lie about their income, expenses, or cash available for down payments in order to get a loan and knowingly lend more money than a borrower can afford to repay. The problem has continued to get worse to the point where some lenders charge high interest rates to borrowers based on their race or national origin and not on their credit history. They outrageously charge fees for unnecessary or nonexistent products and services and even pressure borrowers to accept higher-risk loans such as balloon loans, and steep pre-payment penalties. Some lenders shamelessly continue to use high pressure sales tactics to sell home improvements and then finance them at high interest rates.…

    • 1215 Words
    • 5 Pages
    Better Essays
    Read More
  • Good Essays

    My Experience as a Kiva Fellow
    • 632 Words
    • 3 Pages

    My Experience as a Kiva Fellow

    In order to ensure the true flow of Kiva processes with various field partners (Microfinance Institutions or MFIs), Kiva sets up the Fellows Program which offers individuals a rare opportunity to travel abroad and witness firsthand impact and realities of microfinance, by working directly with a host microfinance institution (MFI). The Kiva Fellow is an unpaid, volunteer based position designed to increase Kiva's impact and to offer participants a unique insider experience.…

    • 632 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Title Loan Persuasive Speech
    • 675 Words
    • 3 Pages

    Title Loan Persuasive Speech

    We only need loan collateral to give you a loan. In this case, if you're willing to use your motorcycle or car as security, you can borrow from us.…

    • 675 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Predatory Lending
    • 2377 Words
    • 7 Pages

    Predatory Lending

    The payday lending industry has grown by leaps and bounds over the years. This trend reflects the rampant economic insecurity and market neglect by the traditional banking sector. These payday lender and similar outlets are now commonplace in many communities across the United States. The past decade has seen a significant increase in economically distressed areas and areas where predatory mortgages are rampant.…

    • 2377 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Better Essays

    Loan Consolidation
    • 2580 Words
    • 11 Pages

    Loan Consolidation

    Loan consolidation is an approach that lets borrowers take out a new loan with a low rate of interest to payoff high interest loans. Tightened lending criterion has made it difficult for many people to qualify for loans, so the first thing borrowers need to do is check their credit rating. Although loan consolidation can seem like a good idea, it is necessary to figure out the real costs involved with taking out a new financial loan. This is exceptionally crucial when attaining a home equity loan that requires putting real estate up as collateral. Any time real estate is used to secure bank financing it is put at risk for foreclosure. It can be extremely risky to use a house and take out a loan to pay off unsecured debts. If homeowners…

    • 2580 Words
    • 11 Pages
    Better Essays
    Read More
  • Good Essays

    Title Loans Persuasive Speech
    • 942 Words
    • 4 Pages

    Title Loans Persuasive Speech

    However, the traditional signature loan doesn’t work that way. Instead of collateral, you need a long history of having good credit. But there’s more to it than even that. You also have to explain to the credit union or bank why you want the money and how you’ll use it. And if you don’t have good credit, there’s no way you’re getting that money unless you have a cosigner and even then, it’s iffy.…

    • 942 Words
    • 4 Pages
    Good Essays
    Read More
  • Powerful Essays

    Citi Bank N.a and Pay Link Service to Customer
    • 7946 Words
    • 32 Pages

    Citi Bank N.a and Pay Link Service to Customer

    This project is mainly based on primary data collected from the work life experience in Citi N.A. Besides this, we have taken interview of some managers and clients of the bank to get better knowledge. We also took the assistance of Citiservice and Payment unit of the bank. We used textbooks for the formulas of process analysis.…

    • 7946 Words
    • 32 Pages
    Powerful Essays
    Read More
  • Better Essays

    Loan Calculator
    • 682 Words
    • 3 Pages

    Loan Calculator

    Using Responsibility-driven design concepts, construct an online Java application (i.e. a Java applet to be…

    • 682 Words
    • 3 Pages
    Better Essays
    Read More
  • Good Essays

    A Lecture Review on Citibank Increases Customer Loyal
    • 832 Words
    • 4 Pages

    A Lecture Review on Citibank Increases Customer Loyal

    Under the background of Citibank change market environment, relocating from one market to other market, however some financing department staff against to suite the new position and make the business quality fall. In order to slove the problem, the department manager and a crucial part of the ABF team's progress was vesting the authority to "sign-off" on loan availment to Podkowsky's team. And the through ‘ hand-offs’ that the necessary cash reduce,and the cycle time reduce 75 percent of the availment percent, about 30 minutes or two hours. It saved time and getting commend form customer.…

    • 832 Words
    • 4 Pages
    Good Essays
    Read More

Related Topics